Brief: Raleigh Hotel Associates To Sell DoubleTree By Hilton Raleigh-Brownstone University Hotel For $42 Million
30/11/2021 18:25
Nov 30 (Reuters) - Sotherly Hotels Inc SOHO.O :
* SOTHERLY HOTELS - RALEIGH HOTEL ASSOCIATES TO SELL
DOUBLETREE BY
HILTON RALEIGH-BROWNSTONE UNIVERSITY HOTEL TO CS ACQUISITION
VEHICLE FOR $42 MILLION
* SOTHERLY HOTELS - INTENDS TO USE ANY PROCEEDS FROM SALE TO
REPAY
PORTION OF SECURED NOTES WITH KEMMONS WILSON, AMONG OTHER THINGS
Further company coverage: SOHO.O
((Reuters.Briefs@thomsonreuters.com;))
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